Broadcasting articles

Reliance Industries Ltd said it will acquire a 5 per cent equity stake in the NYSE-listed Eros International Plc for $48.77 million. RIL has picked the equity at a price of $15 per share, which represents an 18 per cent premium to the last closing price.

Discovery JEET is aiming to break the clutter in the Hindi general entertainment channel (GEC) arena. The channel will be launched on February 12 with five hours of daily programmes, out of which three hours will be original programming.

Mukesh Ambani-owned TV18 Broadcast has announced that it will take control of Viacom18 Media Private Ltd by increasing its stake to 51 per cent. Viacom18 is a joint venture between TV18 and Viacom Inc. TV18 will acquire an additional one per cent of Viacom18’s equity from Viacom Inc for $20 million (about ₹128 crore) to…